$TRUMP
TRUMP
5.45
-3.38%
🚨🚨 The US debt crisis worsens 🚨📢
US government interest payments are now up to an annualized record of $1.47 trillion.
This comes as federal interest payments rose +5% YoY, to $1.20 trillion, an all-time high 📢
Federal interest costs have DOUBLED over the last 4 years.
Meanwhile, interest paid by state and local governments fell -3% YoY, to $270 billion, the lowest since Q1 2023.
However, this is ~$80 billion above the levels seen in 2007 before the 2008 Financial Crisis.
As a result, federal, state, and local interest expenditures as % of GDP are up to 4.7%, near the highest in 27 years 📢
Debt crisis is an understatement 📢
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